Development Banks in Industrial Financing - State Level Development Banks, Indian Financial system Video Lecture | Indian Financial System - B Com

hi friends this is a peena-pod and today
we are going to see about the
Development Bank's generally any
business any business required medium
and the long-term capital for purchase
of machinery and equipment for using the
latest technology for expansion and the
modernization so such financial
assistance is provided by the
Development Bank's however there is no
precise definition of Development Bank's
but mostly it is defined as a financial
institution concerned with providing all
types of financial assistance medium as
well as the long term to business units
in the form of loans underwriting
investment guarantee operations and
promotional activities that is for the
economic development in general and
industrial development in particular let
us see some features of the Development
Bank's it is a specialized financial
institution it provides long-term and
the medium-term finance to the business
units unlike commercial banks it does
not accept deposits from the public and
it is not just a term lending
institution it is a multi-purpose
financial institution it provides
financial assistance not only to the
public private sector but also to the
public sector undertakings and in India
IFC I that is Industrial Finance
Corporation of India and state financial
corporations SMC's are the examples of
Development Bank's in India thank you